Dubai Ports-Suez Canal Authority JV to be split 49%-51%

Dubai Ports will own 49% of its joint venture with the Suez Canal Authority, with the state holding the majority at 51%, according to Al Ahram. The 92 sq km project was presented and discussed by head of the Suez Canal Authority Mohab Mamish to Minister of Investment Sahar Nasr. The two also discussed a joint foreign tour to Singapore and Vietnam to drum up more investment in ports. More in the Investment Ministry statement here.